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China aims to cut US$38.17 bn in tax this year

TheChinesegovernmentwillcontinuetolowerthevalue-addedtaxratefortheindustriesofmanufacturing,transportation,construction,telecommunication,withtheintentofcutting

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Saudi Arabia starts 2018 with gasoline, power tariff hike and new tax

SaudiArabiastartedonMondaythehikeoflocalgasolinepricesandelectricitytariffandtheactivationofthevalue-addedtax(VAT).Aboutgasoline,theOctane91willsellfor1.37riyal

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Lewis Hamilton avoided taxes on £16.5m jet using Isle of Man scheme

TheFormulaOneworldchampion,LewisHamilton,oneoftheworld’srichestsportspeople,avoidedpayingEuropeantaxesonhisprivatejetusinganIsleofManschemethatistobeinvestigate

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China to impose 3% VAT on asset management

Asset managers will be levied with a new 3 percent value-added tax (VAT) for returns on assets under management from January 1 2018, instead of the previously noticed 6 percent rate from July 1, 2017.

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China to impose 3% VAT on asset management

Assetmanagerswillbeleviedwithanew3percentvalue-addedtax(VAT)forreturnsonassetsundermanagementfromJanuary12018,insteadofthepreviouslynoticed6percentratefromJuly1

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Higher taxes hit only 1.5% of firms

Only 1.5 percent of millions of corporate taxpayers face a higher tax burden after implementing value-added tax reform, senior officials with the nation's top taxation bureau said on Tuesday.

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Tax haven route won't work for post-Brexit UK, OECD says

British flag and European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, June 28, 2016.

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Sri Lanka's opposition calls protests against new tax

​Sri Lanka's opposition People's Liberation Front said on Wednesday that it has decided to stage mass protests against a new Value Added Tax (VAT) introduced by the government.

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VAT reform -- a critical step in China's supply-side reform

​The myth about China's slower growth has often clouded people's judgment about the quality of its economy, as we all tend to believe faster is better, and an economy losing steam means it is on the brink of collapse.

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China sets deadline for VAT reform

​Chinese finance minister said on Monday that business tax in all industries will be replaced by value-added tax (VAT) before May, a concrete step in deepening fiscal and taxation reform.

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China expands VAT to telecom sector

China is to replace turnover tax with value-added tax (VAT) in the telecom sector, following similar changes in transport and some service sectors.

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China's widening VAT reform reduces taxes by 13 bln yuan

China's latest efforts to expand the pilot scheme for value-added tax (VAT) reform nationwide have resulted in a tax reduction of 13.01 billion yuan (2.1 billion U.S. dollars) so far, the State Administration of Taxation announced Thursday.